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Yeah... but all the resistance is at .02! After that, a straight shot to .20 (lol)
I bought a eco-i-lite two pack for 23.99 at costco in west miami.
Had 2 big pallets.
(a) On August 24, 2009, the Board of Directors (the “Board”) of SpongeTech Delivery Systems, Inc. (the “Company”) approved the appointment of Deloitte & Touche LLP (“D&T”) to act as the Company’s independent registered public accounting firm for the year ending May 31, 2010. The engagement of D&T will become effective upon the filing of the Company’s Form 10-K for the fiscal year ended May 31, 2009. During the fiscal years ended May 31, 2009 and 2008, and during any subsequent period through the date hereof, neither the Company, nor any person on its behalf, has consulted with D&T with respect to either (i) the application of accounting principles to a specified transaction, either completed or proposed, or the type of audit opinion that might be rendered on the Company’s consolidated financial statements, and no written report or oral advice was provided by D&T to the Company that D&T concluded was an important factor considered by the Company in reaching a decision as to the accounting, auditing, or financial reporting issue, or (ii) any matter that was the subject of either a disagreement as defined in Item 304(a)(1)(iv) of Regulation S-K or a reportable event as described in Item 304(a)(1)(v) of Regulation S-K.
(Full unedited article)
SEC looks for SpongeTech stain
By KAJA WHITEHOUSE
Last Updated: 9:24 PM, September 28, 2009
Posted: 1:28 AM, September 28, 2009
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SpongeTech, a New York sponge maker that advertises at Yankee Stadium and Citi Field, is being investigated by the Securities and Exchange Commission for possible securities law violations.
In an 8-K filed with the SEC late Friday, the maker of sponges with soap already in them said it "received a formal order of investigation" regarding possible securities laws violations on Sept. 18. Its officers and directors have also received subpoenas for documents, the filing said.
The formal investigation comes as the company struggles to file its financial report for the fiscal year ended in May because its former auditor, Drakeford and Drakeford, is no longer accredited with the Public Company Accounting Oversight Board.
Earlier this month, The Post reported that the SEC had flagged SpongeTech's financial statements for the last two years because of problems with the company's auditor.
SpongeTech has hired Robison Hill to audit the 2009 results and Deloitte and Touche to work on the company's 2010 financials.
Deloitte's work with SpongeTech "cannot commence" until the company files its 2009 annual report with the SEC, Deloitte spokesman Keith Lindenburg told The Post, contradicting previous statements by SpongeTech CEO Michael Metter that Deloitte will oversee Robison's work on the 2009 audit.
SpongeTech has not responded to requests for comment.
SpongeTech client records spring leak
By KAJA WHITEHOUSE
Last Updated: 1:53 AM, September 25, 2009
Posted: 1:53 AM, September 25, 2009
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Someone appears to be pulling the strings on the biggest clients of New York sponge maker and US Open sponsor SpongeTech.
In its third-quarter SEC filing, SpongeTech said that six customers "accounted for 99.4 percent of sales" -- nearly $31 million in revenue -- for the first nine months of its fiscal year.
The firms are SA Trading Company, US Asia Trading, Dubai Export Import Company, Fesco Sales Corp., New Century Media and Walgreens.
All but one of those companies, Walgreens, is hard to track.
Their addresses cannot be verified, phone numbers were disabled within hours of calls from The Post, and the Web sites for three of the companies were created on the same day two weeks ago.
On Wednesday, at The Post's request, SpongeTech provided addresses, phone numbers and contacts for its largest customers through its outside investor relations firm, Lippert Heilshorn & Associates.
But efforts by The Post to verify the information fell flat.
Take, for example, Dubai Export Import Co. According to the document SpongeTech provided, it is located at 235 Peachtree St. NE, Suite 400, in Atlanta.
"They don't have an office here," said Julie Gudger, vice president of sales for Crown Office Suites, which leases offices in that building, including Suite 400. Gudger also had never heard of Ahmed Elsayed, the contact SpongeTech provided.
Gudger dismissed the notion they might have a virtual office. "I would know," she said.
A call yesterday to the Dubai Export Import number that Spongetech provided led to a receptionist who took a message for Elsayed. Within a few hours, the number was "disabled."
The Dubai Chamber of Commerce and Industry says it has no record of Dubai Export Import Co. Ditto for the Dubai Department of Economic Development, which issues licenses to companies doing business in Dubai.
Calls to the phone numbers SpongeTech provided for the other four companies also led to receptionists who took messages. They were all disabled shortly afterwards.
Misty Ryals, a receptionist for Select Office Suites, which rents out offices on the 5th floor of 116 W. 23rd St. in Manhattan, where SpongeTech says Fesco is located, said she has no record of Fesco Corp., nor of Jim Rogers, the contact SpongeTech provided.
SpongeTech said SA Trading is located at 111 NE 1st St., 3rd floor, Miami. A woman who works for Downtown Miami Partnership, which manages the property, said, "We have no other business on the 3rd floor but Excellent Executive Offices."
Carlson Ortiz, who answered the phone at Excellent Executive Offices, said, "I've been here for two years and I've never heard of that name," when asked about SA Trading.
Web sites for Fesco, Dubai Export Import and SA Trading also shed little light. All three sites were created on Sept. 10, 2009, using Domains by Proxy, a service that blocks information about the site's owner.
Do you think UBSS stopped trading cause they saw this coming?
SpongeTech Sues Themselves (Strangest PR Ever!), SEC Halts Their Stock Meaning I’ve Now Predicted 3 Trading Halts In 3 Weeks!
Posted by Timothy Sykes on Mon 5th of Oct, 2009 10:19:27 AM
Tags:
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Wow, it looks like the end of the road for Spongetech Delivery Systems, Inc. (SPNGE) and you can’t really say I didn’t warn you! Today the stock hasn’t traded after the SEC announced:
The Securities and Exchange Commission (“Commission”) announced the temporary suspension, pursuant to Section 12(k) of the Securities Exchange Act of 1934 (the “Exchange Act”), of trading in the securities of SpongeTech Delivery Systems, Inc. (“SpongeTech”), of New York, NY at 9:30 a.m. EDT on October 5, 2009, and terminating at 11:59 p.m. EDT on October 16, 2009.
The Commission temporarily suspended trading in the securities of SpongeTech because of questions that have been raised about the accuracy and adequacy of publicly disseminated information concerning, among other things, the amount of sales and customer orders received by SpongeTech, investment agreements entered into by SpongeTech, and SpongeTech’s revenues as reported in its financial statements. In addition, SpongeTech has not filed any periodic reports with the Commission since the period ended February 28, 2009.
This comes after my latest blog post just yesterday on the joke that Spongetech has become, 8 days after they announced they were under SEC investigation, just over 2 weeks since the NY Post first wrote about this shadddddy company and 4 whole months since I first wrote these 2 blog posts HERE and HERE exposing the company for shady practices.
You can now added SpongeTech to the list of pump & dumps, namely Emergent Health Corp (EMGE) (which TIMalert subscribers have enjoyed trading profits of $10,000+ on so far) and Genova Biotherapeutics, Inc. (GVBP) which TIMalert subscribers and I made in excess of $40,000 on so far…and many of us, including myself are still short so when the stock reopens this week, we’ll bank some more!), I’ve correctly exposed and have been halted by the SEC in the last 3 weeks.
And because SpongeTech didn’t want to go out with a bang at the same exact time as the SEC halt, they announced they were suing themselves in this odd press release! Apparently, SpongeTech is two companies, and the successful product people are suing the dumb-as-Vick CEO Michael Metter…I dunno, you try and figure this crap out:
NEW YORK–(BUSINESS WIRE)–SpongeTech® Delivery Systems, Inc. (the “Company”) “The Smarter Sponge™”, (OTCBB: SPNGE - News), today announced that the Company has filed a trademark infringement lawsuit against Spongetech, Inc. (”STI”) in the United States District Court for the Southern District of New York. The complaint alleges California-based company, STI knowingly and willfully appropriated the Company’s trademark “SpongeTech®” and solicited business specifically in New York under the Company’s trademark. In addition, the lawsuit alleges that STI’s CEO made statements to the New York Post that defamed the Company, as a result, injuring the Company’s reputation and exposing the Company to public hatred, contempt, ridicule, and/or degradation.
The Company is seeking permanent injunction barring STI from using the Company’s trademark, including such items as labels, signs, packaging, advertising and promotional material with the use of “SpongeTech®”. The Company is also seeking any profits derived from STI’s use of the Company’s trademark as well as award damages to the Company for injury to its reputation caused by STI’s defamatory statements.
CEO Michael Metter states, “While we have made numerous attempts to settle this amicably with STI in the past, recent actions by STI have resulted us to seek legal actions. We feel it is important to ensure that our customers and potential customers are not confused by STI abusing our legally protected trademark and to restore our reputation to the public.”
So to all bagholders of this horrifically managed yet surprisngly typical penny stock and everyone else out there, I say please join us TIMalert subscribers in being the overly-cynical yet nearly dead on bunch that we have become…profiting and laughing from penny stock pump & dumps as the NY Post, TheStreet.com, Reuters and the SEC ride on my coattails because they simply don’t have the experience I do in researching how these pump & dumps operate. It’s no great mystery, I encourage you all to learn from my comprehensive study guides, as you can EASILY research, expose and profit from Short Selling these carcasses of companies.
he NY Post’s Latest Evidence That Spongetech Delivery Systems, Inc. (SPNGE) Is Up To No Good
Posted by Timothy Sykes on Fri 25th of Sep, 2009 07:21:37 AM
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LiveStock is today 1-2PM EST, tune in HERE and check out all the bitter pump & dump bagholders yell at me (just a wild guess)
HERE’S A BIG FAT I TOLD YOU SO YOU NAIVE SUCKERS!
You people think I just do all this to promote my instructional DVD packages and TIMalerts real-time trade alerts services, but like your investment in a blatant pump & dump like Spongetech, you haven’t done your research. I push my dvds and newsletters BECAUSE I know they’ll help you learn hos this wonderful game works and that they’ll probly save you from making dumb investing mistakes like this one and while Spongetech was obviously a much better long than it ever was a great short (although it’ll likely end up in the .0001 range), I actually encourage people to learn to buy pump & dumps when they’re being pumped. Yup, that’s right, my original PennyStocking DVD is all about how my first million was made BUYING pump & dumps and how you can learn from my decade-long experience of what I did right and wrong.
You just gotta learn not believe the BS so you can get out with profits instead of holding through the dump. Does that make sense? You guys think I’m the enemy when all I’m trying to do is help you…stock promoters & lying penny stock management are your true enemies. You forget that I’ve gone through this too by believing in a penny stock once before, losing several hundred thousand dollars and being wiser for it.
(The above is for bitter SPNGE shareholders who right now can’t believe what’s happening here)
If you’ve read my “official penny stock manipulation blog post” or The New York Post’s recent article on Spongetech, you know this company is sketchyyyyy…
Well, NY Post reporter Kaya Whitehouse is obviously amazed at just how far the penny stock fraud hole goes…and too bad for Spongetech, she’s doing some awfully impressive digging:
Someone appears to be pulling the strings on the biggest clients of New York sponge maker and US Open sponsor SpongeTech.
In its third-quarter SEC filing, SpongeTech said that six customers “accounted for 99.4 percent of sales” — nearly $31 million in revenue — for the first nine months of its fiscal year.
The firms are SA Trading Company, US Asia Trading, Dubai Export Import Company, Fesco Sales Corp., New Century Media and Walgreens.
All but one of those companies, Walgreens, is hard to track.
Their addresses cannot be verified, phone numbers were disabled within hours of calls from The Post, and the Web sites for three of the companies were created on the same day two weeks ago.
On Wednesday, at The Post’s request, SpongeTech provided addresses, phone numbers and contacts for its largest customers through its outside investor relations firm, Lippert Heilshorn & Associates.
But efforts by The Post to verify the information fell flat.
Take, for example, Dubai Export Import Co. According to the document SpongeTech provided, it is located at 235 Peachtree St. NE, Suite 400, in Atlanta.
“They don’t have an office here,” said Julie Gudger, vice president of sales for Crown Office Suites, which leases offices in that building, including Suite 400. Gudger also had never heard of Ahmed Elsayed, the contact SpongeTech provided.
Gudger dismissed the notion they might have a virtual office. “I would know,” she said.
A call yesterday to the Dubai Export Import number that Spongetech provided led to a receptionist who took a message for Elsayed. Within a few hours, the number was “disabled.”
The Dubai Chamber of Commerce and Industry says it has no record of Dubai Export Import Co. Ditto for the Dubai Department of Economic Development, which issues licenses to companies doing business in Dubai.
Calls to the phone numbers SpongeTech provided for the other four companies also led to receptionists who took messages. They were all disabled shortly afterwards.
Misty Ryals, a receptionist for Select Office Suites, which rents out offices on the 5th floor of 116 W. 23rd St. in Manhattan, where SpongeTech says Fesco is located, said she has no record of Fesco Corp., nor of Jim Rogers, the contact SpongeTech provided.
SpongeTech said SA Trading is located at 111 NE 1st St., 3rd floor, Miami. A woman who works for Downtown Miami Partnership, which manages the property, said, “We have no other business on the 3rd floor but Excellent Executive Offices.”
Carlson Ortiz, who answered the phone at Excellent Executive Offices, said, “I’ve been here for two years and I’ve never heard of that name,” when asked about SA Trading.
Web sites for Fesco, Dubai Export Import and SA Trading also shed little light. All three sites were created on Sept. 10, 2009, using Domains by Proxy, a service that blocks information about the site’s owner.
The Five Dumbest Things on Wall Street: Oct. 2 (The STREET MSNBC.COM)
By Gregg Greenberg 10/02/09 - 08:37 AM EDTSee All 5 Comments Leave a Comment
Stock quotes in this article: HTZ , SIRI , TRA , CF , FRE , MCD , SBUX
SpongeTech Gets Squeezed
SpongeTech Gets Squeezed
SpongeTech claimed in an SEC filing that six customers accounted for 99.4% of its sales, or nearly $31 million, for the first nine months of its fiscal year. The firms are SA Trading Company, US Asia Trading, Dubai Export Import Company, Fesco Sales Corp., New Century Media and Walgreen(WAG Quote).
Unfortunately, after much searching, the reporters over at the Post could not track down a single representative for any of those companies except Walgreen. For example, the Post said it called the number SpongeTech provided for the Dubai Export Import Company only to see that number "disabled" a few hours later.
"Calls to the phone numbers SpongeTech provided for the other four companies also led to receptionists who took messages. They were all disabled shortly afterwards," reported the Post.
SpongeTech, famous for its "Smarter Sponge," responded on Friday with a press release calling the Post's accusations "inaccurate." The company maintained its operations were squeaky clean and that the customers cited in their financial statements are all current and active.
"We believe that a number of documents cited in press reports about the company are internet forgeries being used by short sellers and stock speculators to undermine the integrity of the company and profit from the adverse publicity," said the folks at SpongeTech.
They went on to say that statements in the press that SpongeTech must restate its financial statements are "wrong." What's actually happening says the company, is that it has hired a new accountant to "re-audit," its books, not restate them.
Hopefully the new auditor will have an easier time finding SpongeTech's so-called customers than the Post did. But we doubt they will.
If there is one thing we know, it's that those guys at the Post have put the squeeze on SpongeTech.
Dumb-o-meter score: 80 -- We think SpongeTech ought to just come clean.
If someone could explain to me. If the three websites are fake (and they appear to be fake) and they had 99% of the sales last year then doesn't it mean the company is a fraud? Where are the real companies with their real web sites?
And don't forget, no one is requesting restating....err ... re-auditing of our sales! (LOL) (Sorry spnge)
Costco, don't forget, also has lights... multiple products there...
DEERFIELD BEACH, FL, June 25 /PRNewswire-FirstCall/ -- South Florida based Capstone Industries, a wholly owned subsidiary of CHDT Corp. (CHDO.OB), announced today that it's all new Capstone Lighting 4 LED Book lights 2Pack is just now starting to become available at 403 Costco Wholesale locations for their back-to-school program.
The product consists of a dual pack of the new 4 LED book light that includes alkaline batteries and handy pouches. These convenient book lights feature a 3-position switch and a swivel light head with folding arm. Both compact and stylish, the book lights can be clipped to books or used free standing on ones night table.
For over 12 years, Capstone has been one of the recognized leaders in innovative and unique book lights, all purpose multi-task lights and novelty lights. Products are designed for the new "mobile" consumer-always on the go. Retailers nationwide acknowledge the creative packaging, practical and functional product features and value driven price points. Distribution comprises numerous and varied channels including mass market, drug and grocery, book chains, office supply, convenience stores, and automotive chains and warehouse clubs.
Focusing on the needs of the consumer, Capstone will continue to take a leadership position and produce thoughtfully designed products encompassing the latest lighting technologies, features and benefits.
KMART B&N COSTCO WALMART and available now in England shouldn't equal .011
KMart.com
Capstone Industries 1GB Personal Pocket Safe USB Flash Drive
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The Personal Pocket Safe™ from Black Box Innovations offers consumers portable and powerful digital organization and protection. It's the world's first PIN-protected and encrypted smart drive that powers embedded proprietary software. The smart drive is formatted to fit any standard USB port found in PC desktops and notebooks. Measuring less than 3 inches, the Personal Pocket Safe is convenient and sensitive information to help keep today's busy consumers organized in their daily lives.
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Product Code: PERPOCKSAFE
Combine the portability of a USB flash drive with the security of high level encryption and a PIN to keep your private documents and vital data secure in this personal electronic safe.
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THEY GET A GOOD PRICE IN POUNDS!
D&H Fall Tech Show Set For Oct. 6 ShareThis | Print |
September 23, 2009
D&H Distributing, a North American computer products and consumer electronics distributor, will hold its Mid-Atlantic Fall 2009 Technology Show on October 6, 2009, at the Hershey Lodge and Convention Center, Hershey, PA. The distributor expects more than 1,000 reseller attendees and more than 140 manufacturers at the event, making it one of the largest (and also the final) shows on D&H’s 2009 roster. Seminars begin at 1:00 p.m.; exhibits open at 3:00 p.m. and close at 9:00 p.m.
Seminars will be presented by Microsoft (on how to make money with Windows 7), Cisco (on offerings and resources available to drive the small business product portfolio), HP, and a brand-new “Channel Challenge” session from the Institute for Partner Education and Development (IPED). At the HP seminar, customers can learn how to earn percentage points on HP merchandise through D&H’s exclusive “VIP” vendor-based incentive program – a timely offering for resellers who are still recuperating financially. In addition, D&H Solutions Specialist Bill Hersh will lead a session on Windows Small Business Server ’08, which means that both of Microsoft’s most talked-about recent product introductions will be covered at this event.
The show will feature other SMB leaders such as Lenovo, D-Link, Acer, ASUS, Linksys, Kaspersky Lab, Toshiba, SonicWALL, BenQ, Rebit and SanDisk. Outstanding component and accessory manufacturers such as Case Logic, Peerless Mounts, Targus, La Cie, Cool Master and Kensington Technology will also be on the floor. Due to a positive response at other recent events, the distributor will continue its “Emerging Technologies Pavilion,” located outside the main hall. This series of booths will spotlight ten new manufacturers, including Black Box Innovations (USB flash drives), I.R.I.S. (document imaging), Mach Speed (digital media players), NexAira (mobile broadband) and more.
It's not major Howard.
It is Major Stewart, who now controls the largest number of shares.
It is Lieutenant Howard.
Could drop a lot further once they are covered...
SpongeTech Delivery Systems, Inc. (SPNG) Squeeze Trigger Price is $0.09.Approximately 972 Million Shares Shorted Since December 2006 According to Buyins.net Research Report
Mon Aug 31, 2009 9:32am EDT Email | Print | Share | Reprints | Single Page [-] Text [+]
NEW YORK--(Business Wire)--
SpongeTech Delivery Systems, Inc. "The Smarter Sponge (OTCBB: SPNG) announced
today that BUYINS.NET, www.buyins.net, is initiating coverage of SpongeTech
Delivery Systems after releasing the latest short sale data to August 2009. From
December 2006 to August 2009 approximately 12.6 billion total aggregate shares
of SPNG have traded for a total dollar value of approximately $1.13 billion. The
total aggregate number of shares shorted in this time period is approximately
972 million shares. The SPNG SqueezeTrigger price of $0.09 is the volume
weighted average short price of all short selling in SPNG. A series of short
squeezes has begun as shares of SPNG have jumped from $0.006 to $0.22 and 99% of
all shares shorted in SPNG are now out-of-the-money. To access SqueezeTrigger
Prices ahead of potential short squeezes beginning, visit
http://www.buyins.net.
Month Total Vol. Short Vol. Avg. Price Short $ Value
12/29/2006 150,000 11,550 0.2075 $2,397
1/31/2007 179,000 13,783 0.1350 $1,861
2/28/2007 535,700 41,249 0.1900 $7,837
3/30/2007 1,496,000 115,192 0.1850 $21,311
4/30/2007 4,695,154 361,527 0.1967 $71,112
5/31/2007 7,144,891 550,157 0.1950 $107,281
6/29/2007 5,250,137 404,261 0.1425 $57,607
7/31/2007 7,891,632 607,656 0.0950 $57,727
8/31/2007 6,423,566 494,615 0.0788 $38,976
9/28/2007 6,086,639 468,671 0.0902 $42,274
10/31/2007 10,565,011 813,506 0.0738 $60,037
11/30/2007 21,375,974 1,645,950 0.0525 $86,412
12/31/2007 46,577,400 3,586,460 0.0403 $144,534
1/31/2008 49,644,868 3,822,655 0.0248 $94,802
2/29/2008 90,164,328 6,942,653 0.0302 $209,668
3/31/2008 136,771,952 10,531,440 0.0273 $287,508
4/30/2008 156,957,184 12,085,703 0.0309 $373,448
5/30/2008 184,506,944 14,207,035 0.0434 $616,585
6/30/2008 143,385,424 11,040,678 0.0487 $537,681
7/31/2008 111,369,960 8,575,487 0.0439 $376,464
8/29/2008 339,945,472 26,175,801 0.0384 $1,005,151
9/30/2008 434,852,544 33,483,646 0.0338 $1,131,747
10/31/2008 418,655,520 32,236,475 0.0280 $902,621
11/28/2008 226,767,232 17,461,077 0.0273 $476,687
12/31/2008 338,505,440 26,064,919 0.0264 $688,114
1/30/2009 438,992,096 33,802,391 0.0194 $655,766
2/27/2009 423,565,856 32,614,571 0.0144 $469,650
3/31/2009 661,219,200 50,913,878 0.0116 $590,601
4/30/2009 1,227,771,776 94,538,427 0.0185 $1,748,961
5/29/2009 1,590,875,520 122,497,415 0.0320 $3,919,917
6/30/2009 2,976,228,372 229,169,584 0.1373 $31,464,983
7/31/2009 1,719,142,528 132,373,975 0.1334 $30,571,222
8/31/2009 840,376,128 64,708,962 0.1633 $10,566,973
Total 12,628,069,448 972,361,347 $0.0898 $87,387,917
*short volume is approximated using a proprietary algorithm.
**average short price is calculated using a volume weighted average short price.
***short volume is the total short trade volume and does not account for covers.
Click here to view chart: http://www.buyins.com/images/spngstr8-26-09.jpg
Market Maker Friction Factor is shown in the chart below:
Date Change % Buy Vol Buy% Sell Vol Sell% Net Vol Friction
8/27/2009 0.0017 0.89 64,004,552 49.96 61,728,494 48.18 2,276,058 13,388,576
8/26/2009 0.0253 15.19 98,227,965 52.16 88,085,350 46.77 10,142,615 4,008,939
8/25/2009 0.0127 8.77 89,010,285 55.72 72,311,732 45.27 16,698,553 13,148,467
8/24/2009 0.0085 6.32 31,984,993 57.6 23,340,786 42.03 8,644,207 10,169,655
8/6/2009 -0.002 -1.37 35,536,303 46.23 41,065,408 53.43 -5,529,105 -27,645,525
8/5/2009 -0.0059 -3.84 27,933,395 49.92 27,740,564 49.57 192,831 bearish bias
8/4/2009 -0.002 -1.26 16,471,046 43.57 21,228,273 56.16 -4,757,227 -23,786,135
8/3/2009 0.007 4.61 25,443,789 46.38 29,077,807 53.01 -3,634,018 bullish bias
7/31/2009 0.0096 6.79 25,415,915 48.07 27,408,610 51.84 -1,992,695 bullish bias
7/30/2009 0.0042 3.08 13,186,865 42.67 17,663,265 57.15 -4,476,400 bullish bias
Click here to view chart: http://www.buyins.com/images/spngff8-28-09.jpg
Analysis of the Friction Factor chart above shows that in the trading days
preceding this report that market makers have been making a positively biased
market (70% bullish and 30% bearish bias to trading) in shares of SPNG. The
Friction Factor displays how many more shares of buying than selling are
required to move SPNG higher by one cent or how many more shares of selling than
buying moves SPNG lower by 1 cent.
The chart below shows the broker dealers acting as market makers in shares of
SPNG.
Rank Market Maker 2009 Volume % of Volume
1 Knight Equity Markets, L.P. 3,872,172,703 42
2 E*Trade Capital Markets Llc 1,221,151,096 13
3 UBS Securities LLC 1,176,368,331 13
4 Automated Trading Desk 402,003,438 4
5 Natexis Bleichroeder Inc. 383,986,206 4
6 Archipelago Trading Services 235,191,875 2
7 The Vertical Trading Group 222,139,136 2
8 Sterne, Agee & Leach, Inc. 197,670,966 2
9 Hudson Securities, Inc. 182,898,316 2
10 Pershing LLC 176,764,366 1
11 Burt Martin Arnold Securities 135,330,580 1
12 Finance 500, Inc. 130,290,819 1
13 vFinance Investments, Inc. 104,622,665 1
14 Domestic Securities, Inc. 74,284,152 <1
15 Martinez Ayme Securities 59,545,394 <1
16 BTIG, LLC 58,998,351 <1
17 Gunnallen Financial, Inc 50,354,106 <1
18 Stockcross Financial Services 47,037,686 <1
19 Vandham Securities 41,939,843 <1
20 Noble International Invest. 40,623,396 <1
21 Maxim Group LLC 35,405,133 <1
22 Puma Capital, Llc 30,469,560 <1
23 Murphy and Durieu 19,800,397 <1
24 Lampost Capital, L.C. 18,067,637 <1
25 Biltmore International Corpor 13,818,464 <1
26 Lighthouse Financial Group, L 13,272,957 <1
27 LaBranche Financial Services 12,748,477 <1
28 Collins Stewart LLC 12,546,564 <1
29 Wilson-Davis & Co. Inc. 7,595,183 <1
30 Pali Capital 5,735,389 <1
31 Jesup & Lamont Securities Cor 5,102,866 <1
33 MERCATOR ASSOCIATES, LLC 3,840,000 <1
34 CAPITAL PATH SECURITIES, LLC 2,750,000 <1
Click here to view chart: http://www.buyins.com/images/spngmm8-26-09.jpg
SpongeTech has been on the OTCBB Threshold Security List ("naked short list") a
total of 85 trading days since January 1, 2005 and is presently on the list from
July 24, 2009 to through August 25th, a total of 23 consecutive trading days.
Short sellers and the broker dealers accepting their short sale orders are
out-of-compliance with the new Reg SHO buy-in requirement at the time this
report was generated. In late October 2008 the SEC updated Regulation SHO
requiring that all short sellers must locate, borrow and deliver any shares they
have shorted, no exceptions, by T+3 settlement date. If not, a buy-in must be
forced by the broker dealer that the short seller transacted through by the
opening of the market on T+4. Since a company first appears on the naked short
list when short sellers have been failing to deliver for 5 consecutive trading
days, SPNG should theoretically never be on the naked short list again.
BUYINS.NET will monitor the OTCBB naked short list daily and issue an alert and
notify the SEC and FINRA should short sellers fail to deliver and SPNG continues
on the exchange`s Threshold Security List.
The chart below shows the daily failures to deliver for the 10 trading days
ending July 31, 2009.
DATE SYMBOL QUANTITY (FAILS) DESCRIPTION PRICE
20090720 SPNG 14,725,754 SpongeTech Delivery Systems, I $0.10
20090721 SPNG 9,471,912 SpongeTech Delivery Systems, I $0.12
20090722 SPNG 8,088,135 SpongeTech Delivery Systems, I $0.11
20090723 SPNG 5,200,621 SpongeTech Delivery Systems, I $0.12
20090724 SPNG 4,272,930 SpongeTech Delivery Systems, I $0.13
20090727 SPNG 356 SpongeTech Delivery Systems, I $0.13
20090728 SPNG 322,000 SpongeTech Delivery Systems, I $0.16
20090729 SPNG 140,175 SpongeTech Delivery Systems, I $0.15
20090730 SPNG 6,666,574 SpongeTech Delivery Systems, I $0.14
20090731 SPNG 16,065,416 SpongeTech Delivery Systems, I $0.14
Click here to view above chart: http://www.buyins.com/images/spngftd8-26-09.jpg
Click here for complete data file:
http://www.buyins.com/images/spngftd8-26-09.xls
Click here to view entire chart:
http://www.buyins.com/images/spngftdchart8-26-09.jpg
About SpongeTech Delivery Systems, Inc.
SpongeTech Delivery Systems is a company which designs, produces, and markets
unique lines of reusable cleaning products for Car Care, Child Care, Home Care
and Pet Care usages. These sponge-like products utilize SpongeTech's
proprietary, patent (and patent-pending) technologies and other technologies
involving hydrophilic (liquid absorbing) foam, polyurethane matrices or other
ingredients. The Company's sponge-like products are pre-loaded with specially
formulated ingredients such as soap, conditioner and/or wax that are released
when the sponge is soaked and applied to a surface with minimal pressure.
SpongeTech is currently exploring additional applications for its technology in
the health, beauty, and medical markets. SpongeTech Delivery Systems, Inc.
intends to globally brand its Company as "The Smarter Sponge". The company was
founded in 1999 and is based in New York, New York.
70Million traded in twenty minutes.
What did they know to put in the 700k?
Uranium- your thoughts about the new share
distribution? Why would they buy 70M shares of
a company with no volume and no exit plan?
What's interesting is that as of July 20. 2009 the new distribution of shares is as follows (SEC 14C as of August 7, 2009):
Stewart Wallach 127M shares 23%
Howard Ullman 102M shares 18%
Involve LLC 68M shares 11%
Howard voluntarily, it would appear, gave up substantial control of the company to Stewart. "Me Ullman has voluntarily reduced his equity position in the company... to reflect his reduced role in the company... to reduce the number of shares of capital stock required to be authorized to cover the conversion of outstanding shares..." Involve, whoever they are, spent 700K for 11% of the company.
All principals in total own 46%; with Involve all insiders own 57%.
That doesn't includes Bart and wife who still own 74million which brings
insiders total to 70%. Did I do that right?
That's the real news, not whether staples has any eco-i-lites on the shelf.
Somebody with inside info invested 700K at .011-.-12.
You can still get in at the same price. Who is Involve, LLC? What did they
see which would lead them to buy in?
Price Size Exch Time
0.013 1600 OBB 14:23:52
0.011 50000 OBB 14:15:58
0.011 410 OBB 14:11:14
0.011 50000 OBB 14:11:06
0.011 100000 OBB 14:09:15
0.011 6590 OBB 14:09:06
0.012 21000 OBB 14:08:53
0.012 40000 OBB 14:08:49
0.012 22000 OBB 13:59:00
0.012 2700 OBB 13:22:29
0.013 119800 OBB 12:52:39
0.012 4000 OBB 11:31:49
0.011 10000 OBB 11:25:32
0.011 5000 OBB 11:25:28
0.011 15000 OBB 11:19:57
0.011 5000 OBB 11:19:32
0.011 5000 OBB 11:19:16
0.012 2000 OBB 09:48:38
0.011 9000 OBB 09:34:25
0.011 100000 OBB 09:30:38
I can tell by the volume yesterday (20 dollars traded) that the entire market is holding their collective breath waiting for those results (LOL).
FYI- No one has seemed to notice. Stewart is now the largest stockholder in the company, not Howard. Stewart has roughly 25%, Howard 20%, our new investor 12% (Involve, LLC) (approximately, hard to figure out with options, etc.)
Also- although the A/S went up it was largely just to cover the exchange of Preferred Shares to common shares to cancel out the old B preferred stock. Not really dilution but acknowledging the already distributed old B shares needed more shares in the treasury to be covered.
This email is to confirm the receipt of your recent order from Winmarte
YOUR CARD WILL BE BILLED AS (TOTAL FITNESS & NUTRITION.)
This email is to confirm the receipt of your recent order from Total Fitness and Nutrition.
(Priority orders should arrive in 3-5 days on in stock products.
UPS orders 3-7 days on in stock .
Thanks for shopping.
You can always find out the current status of your order by going to
https://order.store.yahoo.net/OS/stat?winmarte
Date Tue Mar 3 12:41:45 PST 2009
Ship to Via Ground
Payment American Express
Name Code Qty Each Options
-----------------------------------------------------------------------
Eco-i-Lite Power Failure Eco-i-Lite Power 1 35.99
Light 2-pack
Subtotal 35.99
Shipping 5.50
Total 41.49
I tried to buy another. Backordered at Northerntool.com.
Coming in April-- hopefully more promise than tiles....
http://thefutureofthings.com/video/6207/black-box-innovations-safemouse.html
I could ask for alot more than that. .009? This stock has become a joke.
You missed it? We bought Circuit City/Tweeter and we are bringing it out of bankruptcy! Our own retail site for the Black Box creatiions. It's quiet because Howard got a really good deal and everyone is hoping no one else notices. SShhhhhhh.....
Curious to see if the conference will lead to a bump in volume.
Anybody remember what the estimates were? I seem to think it was
eleven million in sales.
Bernanke and Paulson read the Oprah article and each bought a personal pocket safe to manage the 700B buyout--
that's why the stock is up today.
When did Howard sell any shares?
Bid is still .014.... opportunities still might be available
BID 0.14 Ask 0.21 ????????????????????????????
Symbol
CHDO
Last
0.021
Change
-0.00
Bid
0.014
Ask
0.021
High
0.021
Low
0.014
Vol
947,000
Time
11:38:01
0.021 1000 OBB
0.014 366500 OBB 11:37:10
0.014 200000 OBB 11:37:07
0.015 10000 OBB 11:37:04
0.014 10000 OBB 11:37:04
0.014 20000 OBB 11:36:56
0.014 50000 OBB 11:36:56
0.014 5000 OBB 11:34:08
0.015 67500 OBB 11:33:57
0.015 50000 OBB 11:32:37
0.016 50000 OBB 11:32:29
0.016 5000 OBB 11:32:23
0.016 1000 OBB 11:32:13
0.017 1000 OBB 11:32:13
0.018 5000 OBB 11:30:32
0.018 50000 OBB 11:30:14
0.018 5000 OBB 11:30:08
0.018 5000 OBB 11:30:04
0.018 30000 OBB 11:18:03
0.02 10000 OBB 11:17:06
0.021 5000 OBB 11:16:04
Hard to short a stock that's already pretty beaten down.
There is a rumor that if they turn out the lights at Lehman Brothers Howard, as a publicity play, will be supplying everyone there with both personal pocket safes AND nightlights.